Nordika Design Limited

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nordika design limited Company Information

Live

MatureSmallHealthy

Company Number

03342838

Next Accounts

Jan 2025

Industry

Wholesale of furniture, carpets and lighting equipment

Directors

Benjamin Ridgway

Shareholders

benjamin croft ridgway

benjamin ridgway

Group Structure

View All

Contact

Registered Address

high rigg, panorama drive, ilkley, west yorkshire, LS29 9RA

Website

http://stompa.com

nordika design limited Estimated Valuation

£10m

Pomanda estimates the enterprise value of NORDIKA DESIGN LIMITED at £10m based on Net Assets of £6.3m and 1.6x industry multiple (adjusted for liquidity).

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Nordika Design Limited is a live company located in ilkley, LS29 9RA with a Companies House number of 03342838. It operates in the wholesale of furniture, carpets and lighting equipment sector, SIC Code 46470. Founded in April 1997, it's largest shareholder is benjamin croft ridgway with a 97.9% stake. Nordika Design Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.6m with healthy growth in recent years.

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Pomanda's financial health check has awarded Nordika Design Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

3 Strong

4 Regular

5 Weak

Size

annual sales of £2.6m, make it smaller than the average company (£15.5m)

Growth

3 year (CAGR) sales growth of 6%, show it is growing at a similar rate (5.3%)

EXPORT

Nordika Design Limited's latest turnover from April 2023 is estimated at £2.6 million and the company has net assets of £6.3 million. According to their latest financial statements, Nordika Design Limited has 5 employees and maintains cash reserves of £6.1 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	2,644,557	2,220,619	3,601,378	2,226,668	2,569,634	2,696,304	2,986,297	4,225,050	2,335,153	3,364,512	2,217,851	1,270,776	1,854,949	2,263,156
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,918,425	1,584,413	2,562,168	1,590,557	1,810,312	1,964,507	2,112,477	2,980,347	1,654,886	2,385,416	1,548,523	923,578	1,317,614	1,606,137
Gross Profit	726,132	636,206	1,039,210	636,110	759,322	731,797	873,821	1,244,703	680,267	979,096	669,328	347,198	537,335	657,019
Admin Expenses	1,361,084	936,393	713,169	-378,422	-310,287	-251,743	-192,326	143,865	-109,337	2,017,539	512,415	187,596	445,901	-2,647,170
Operating Profit	-634,952	-300,187	326,041	1,014,532	1,069,609	983,540	1,066,147	1,100,838	789,604	-1,038,443	156,913	159,602	91,434	3,304,189
Interest Payable	302	199	0	1,795	4,471	4,296	6,577	4,938	0	0	0	0	0	0
Interest Receivable	276,413	51,275	6,347	5,527	35,190	18,797	7,711	12,525	8,514	8,518	11,176	10,551	8,810	4,135
Pre-Tax Profit	-358,842	-249,111	332,389	1,018,264	1,100,327	998,041	1,067,280	1,108,425	798,118	-1,029,925	168,090	170,153	100,245	3,308,324
Tax	0	0	-63,154	-193,470	-209,062	-189,628	-202,783	-221,685	-159,623	0	-38,661	-40,837	-26,064	-926,331
Profit After Tax	-358,842	-249,111	269,235	824,794	891,265	808,413	864,497	886,740	638,494	-1,029,925	129,429	129,316	74,181	2,381,993
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-358,842	-249,111	269,235	824,794	891,265	808,413	864,497	886,740	638,494	-1,029,925	129,429	129,316	74,181	2,381,993
Employee Costs	184,513	170,870	160,057	163,333	152,068	150,672	147,629	505,723	291,951	465,571	287,004	197,665	262,564	322,964
Number Of Employees	5	5	5	5	5	5	5	18	10	15	10	7	10	12
EBITDA*	-633,462	-298,697	327,558	1,014,680	1,069,768	983,701	1,066,305	1,101,461	790,285	-1,037,584	157,804	160,064	92,025	3,304,765

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	72,327	73,817	75,307	69,374	69,522	69,681	69,842	70,000	70,623	71,212	72,071	71,108	71,278	71,614
Intangible Assets	40,000	40,000	40,000	40,000	40,000	40,000	40,000	40,000	40,000	40,000	40,000	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	112,327	113,817	115,307	109,374	109,522	109,681	109,842	110,000	110,623	111,212	112,071	71,108	71,278	71,614
Stock & work in progress	536,008	559,177	519,667	496,929	506,417	323,477	482,326	186,650	249,473	329,264	321,739	163,054	352,070	383,268
Trade Debtors	581,620	589,833	1,089,618	635,285	728,215	841,528	909,530	948,372	358,368	490,527	409,885	193,982	351,906	401,763
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	12,593	10,248	6,887	11,646	11,367	19,293	5,110	38,735	0	0	0	0	0	0
Cash	6,117,766	6,889,884	6,783,520	5,911,436	5,142,189	4,241,685	3,277,108	2,891,676	2,118,423	1,287,169	2,120,197	2,350,323	1,870,061	1,653,981
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	7,247,987	8,049,142	8,399,692	7,055,296	6,388,188	5,425,983	4,674,074	4,065,433	2,726,264	2,106,960	2,851,821	2,707,359	2,574,037	2,439,012
total assets	7,360,314	8,162,959	8,514,999	7,164,670	6,497,710	5,535,664	4,783,916	4,175,433	2,836,887	2,218,172	2,963,892	2,778,467	2,645,315	2,510,626
Bank overdraft	0	5,895	0	0	58,838	73,640	58,537	151,941	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	177,508	169,698	274,383	108,108	151,574	128,797	173,332	301,133	513,151	532,836	248,488	192,720	188,899	128,377
Group/Directors Accounts	594,039	1,017,703	750,037	3,175	59	165	136	2,420	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	327,443	349,124	620,915	454,090	512,736	449,817	477,060	509,568	0	0	0	0	0	0
total current liabilities	1,098,990	1,542,420	1,645,335	565,373	723,207	652,419	709,065	965,062	513,151	532,836	248,488	192,720	188,899	128,377
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	745	1,118	1,132	0	0	7	26	43	148	242	385	157	142	156
total long term liabilities	745	1,118	1,132	0	0	7	26	43	148	242	385	157	142	156
total liabilities	1,099,735	1,543,538	1,646,467	565,373	723,207	652,426	709,091	965,105	513,299	533,078	248,873	192,877	189,041	128,533
net assets	6,260,579	6,619,421	6,868,532	6,599,297	5,774,503	4,883,238	4,074,825	3,210,328	2,323,588	1,685,094	2,715,019	2,585,590	2,456,274	2,382,093
total shareholders funds	6,260,579	6,619,421	6,868,532	6,599,297	5,774,503	4,883,238	4,074,825	3,210,328	2,323,588	1,685,094	2,715,019	2,585,590	2,456,274	2,382,093

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	-634,952	-300,187	326,041	1,014,532	1,069,609	983,540	1,066,147	1,100,838	789,604	-1,038,443	156,913	159,602	91,434	3,304,189
Depreciation	1,490	1,490	1,517	148	159	161	158	623	681	859	891	462	591	576
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-63,154	-193,470	-209,062	-189,628	-202,783	-221,685	-159,623	0	-38,661	-40,837	-26,064	-926,331
Stock	-23,169	39,510	22,738	-9,488	182,940	-158,849	295,676	-62,823	-79,791	7,525	158,685	-189,016	-31,198	383,268
Debtors	-5,868	-496,424	449,574	-92,651	-121,239	-53,819	-72,467	628,739	-132,159	80,642	215,903	-157,924	-49,857	401,763
Creditors	7,810	-104,685	166,275	-43,466	22,777	-44,535	-127,801	-212,018	-19,685	284,348	55,768	3,821	60,522	128,377
Accruals and Deferred Income	-21,681	-271,791	166,825	-58,646	62,919	-27,243	-32,508	509,568	0	0	0	0	0	0
Deferred Taxes & Provisions	-373	-14	1,132	0	-7	-19	-17	-105	-94	-143	228	15	-14	156
Cash flow from operations	-618,669	-218,273	126,324	821,237	884,694	934,944	479,987	611,305	822,833	-841,546	-199,449	470,003	207,524	1,721,936
Investing Activities
capital expenditure	0	0	-7,450	0	0	0	0	0	-92	0	-41,854	-292	-255	-72,190
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	-7,450	0	0	0	0	0	-92	0	-41,854	-292	-255	-72,190
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-423,664	267,666	746,862	3,116	-106	29	-2,284	2,420	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	276,111	51,076	6,347	3,732	30,719	14,501	1,134	7,587	8,514	8,518	11,176	10,551	8,810	4,135
cash flow from financing	-147,553	318,742	753,209	6,848	30,613	14,530	-1,150	10,007	8,514	8,518	11,176	10,551	8,810	4,235
cash and cash equivalents
cash	-772,118	106,364	872,084	769,247	900,504	964,577	385,432	773,253	831,254	-833,028	-230,126	480,262	216,080	1,653,981
overdraft	-5,895	5,895	0	-58,838	-14,802	15,103	-93,404	151,941	0	0	0	0	0	0
change in cash	-766,223	100,469	872,084	828,085	915,306	949,474	478,836	621,312	831,254	-833,028	-230,126	480,262	216,080	1,653,981

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for nordika design limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in LS29 area or any other competitors across 12 key performance metrics.

NORDIKA DESIGN LIMITED group structure

Nordika Design Limited has no subsidiary companies.

Ultimate parent company

NORDIKA DESIGN LIMITED

03342838

NORDIKA DESIGN LIMITED Shareholders

benjamin croft ridgway	97.92%
benjamin ridgway	2.08%

Nordika Design Limited currently has 1 director, Mr Benjamin Ridgway serving since Jan 2003.

officer	country	age	start	end	role
Mr Benjamin Ridgway	England	55 years	Jan 2003	-	Director

P&L

April 2023

turnover

2.6m

+19%

operating profit

-635k

gross margin

27.5%

-4.16%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

April 2023

net assets

6.3m

-0.05%

total assets

7.4m

-0.1%

cash

6.1m

-0.11%

net assets

Total assets minus all liabilities

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company number

03342838

Type

Private limited with Share Capital

industry

46470 - Wholesale of furniture, carpets and lighting equipment

incorporation date

April 1997

ultimate parent company

None

previous names

major change limited (May 1997)

address

high rigg, panorama drive, ilkley, west yorkshire, LS29 9RA

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 1 charges/mortgages relating to nordika design limited. Currently there are 1 open charges and 0 have been satisfied in the past.

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nordika design limited Company Information

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nordika design limited Estimated Valuation

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